UAE to extend $2 billion loan and provide an extra $1 billion: Pakistan Prime Minister’s Office

On Thursday, the United Arab Emirates (UAE) decided to extend a $2 billion loan that has already been made and to make a $1 billion loan extra to help Pakistan, which is short on cash, deal with its economic problems, especially its rapidly decreasing foreign exchange reserves.

The announcement was made by the office of Prime Minister Shehbaz Sharif following their meeting in Abu Dhabi with Sheikh Mohammed bin Zayed Al-Nahyan.

According to the report, the two presidents talked about their bilateral relationships and looked at ways to deepen them, particularly in the areas of trade, investment, and energy. They also discussed topics of shared interest in the area and around the world.

This news is written by Ms. Pujari Dharani, Research Assistant, All India Legal Forum.

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